Business News of Sunday, 23 February 2020Source: www.ghanaweb.comParliament must expedite decision on Tax Exemptions Bill – Tax expertPwC logoTax expert with PricewaterhouseCoopers, Abeiku Gyan-Quansah, has urged Parliament to pass a decision on Tax Exemptions Bill, laid before the house last year. Although there were moves to streamline the tax exemptions regime in 2019, the exemption bill before Parliament has not been passed hence Abeiku Gyan-Quansah questioning the urgency in getting the tax bill passed. “The President himself identified tax exemptions as one of his headaches. Data available shows that between 2010 and 2018, the total amount of tax exemptions granted by the Ghanaian government is in excess of GHS 4.6 billion. This high tax exemptions rate has been identified as one of the contributing factors to the poor domestic revenue collection.
Source: GhanaWeb February 23, 2020 12:33 UTC